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Strategies & Market Trends : US Inflation and What To Do About It
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To: Rarebird who wrote (1474)5/17/2020 11:25:35 AM
From: RetiredNow   of 1504
 
Wow. As the article said, I too knew some would get more than when they were working, but I would not have guessed it would be 68%! That's going to make it very difficult for small businesses to entice people to come back to the labor force until those benefits run out, which means 6 months or more, if they pass an extension. So if small businesses don't come back quickly, we already know that close to 50% of them will not make it past 3 more months of closures. This is a very bad omen for the recovery. It's looking more and more like this recovery will be lackluster, which highlights that the only game in town for stocks will continue to be the Fed for the rest of this year.

CEF is performing very well. I wonder if I sold it off too early. But I have this feeling that we will not experience inflation right away like a lot of people think, but rather, we will experience a big bout of deflation first as the depression ripples through the economy. Then when a recovery in demand comes after that, then all the money created during the depression will drive up inflation as suppliers are slow to ramp up. So might be a good opportunity to buy back into gold at a lower price sometime in the next 6 months.
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